Morning journal and courier., 1887-07-26
THREE NEW DIRECTORS.


 A Short Meeting of the Derby Directors Held Yesterday Afternoon Results m the Unanimous Election of MesArs. Starbuck, stevenson and BOstW1cA as New DirectOrs-messrs. AtWaters Futile and Frost Step Down and Out -President Sperry will Not Resign Hut He Will Not Block MT. Star | bucks Way-The Surveyors at WofK on the Derby Extension-M1llionai | Starbuck Says That He Will Conn + mence to Build Next Week and That l He Has Bought the Shepaug-Other | News of Interest to the Derby's We'll WfShers.
 | The directors of the Derby railroad met \ yesterday afternoon and after fifteen min- utes session the meeting adjourned to l August 5. Three new directors were elected. l It was shortly before o'clock that Mil- | lionaire William H. Starbuck and his right
 hand man, Colonel William H. Stevenson, | aliehted from hack at the main entrance of ! the Derby depot and arm-in-arm the two l gentlemen walked the depot platform and
 awaited the arrival of the directors of the road which Mr Starbuck's check for $275, ,000
 made him the proprietor of. The 4:20 train from Derby steamed into the depot and the l New York millionaire with beaming look
 and g proprietary air smilingly surveyed the engine and the five passenger cars attach ed Quite a number of passengers alighted,
 among the number Thomas Wallace and W. | E. Downs of Birmingham, two of the direc- tors of the road. Ex-Postmaster ND. .Sperry l arrived few minutes later and met the l railroad magnate for the first time. Colonel Stevenson did the honors and warm hand shaking followed. The meeting was called for 430 o'clock and at the hour set the eor-
 tege of directors filed up the narrow, crooked stairway leading to the officers quarters up- stairs The members of the press were ex- cluded as were Mir. Starbuck and Colonel Stevenson. They were obliged to stand out- side to await the summons from within tell ing them that they were elected directors in I the little Derby.
 President Joel A. Sperry rapped the meet l ing to order. The resignation of MT. John P. Futile of the Connecticut | Savings bank was read and accepted. Morris F. Tyler immediately nominated as his successor Mr. William H. Starbuck. The seven directors present accepted MT. Star ! buck as director by an unanimous vote. ! The newly elected director was called in | from the outside and he took his seat with | his brother directors after greetings had been extended.
 MT. Charles Atwater, the treasurer of the road, rendered his resignation as director in person and it was accepted also MT. Starbuck at once nominated Colonel William H. Stevenson, vice president of the Housaton- ic road and presioent-to-be of the. Derby, as MT. Atwater's successor. He was likewise
 unanimously elected. Colonel Stevenson was called in and made the acquaintance of the gentlemen present and took the seat left vacant by Mir. Atwater, who stepped down and out of the room. MT. Herrick F. Frost next rendered his resignation as director in the little Derby and Colonel Stevenson nomi- mated as his successor President Bostwick of
 the New England road. The manager of the New England was not present, but he was elected unanimously just the same. After
 setting Friday, August ,, as the date of the next meeting an adjournment was taken.
 These seven out of the thirteen directors were present before the election took place: Hon. N. D. Sperry, Charles Atwater, Her rick P. Frost, Morris F. Tyler, W. E. Downs, Thomas Wallace, R. M Bassett, John P. Tuttle
 The meeting to be held August will be an important one. The bylaws will be amended so that three directors of the road can ask the president to call meeting of the stockholders. Heretofore only the president  ecutive committee will also be elected. The members of this committee will be. Wil- liam H. Starbuck, President Bostwick and Colonel William H. Stevenson.
 After the meeting had adjourned MT. Star | buck and Colonel Stevenson hurried over to bhe Union depot where they expected to take \ the New York express. President Joel A. l Sperry was seen and was asked whether or no | he had resigned as head official of the Derby. fI have not" was the reply.
 ''Did MT. Starbuck request you to?" was I asked.
 "He has not, and he hasn't even broached the subject to me, although Ive no doubt
 but what he would like to see me step down and out of my own accord"
 President Sperry said further as to the course he would pursue: "The annual meet ing of the road will be held on the third expire until then, and don't intend to re- sign. If the stockholders were all Starbuck men, why would resign at once; but there is large block of stock not yet owned by MT. Starbuck. He of course has majority. I believe it is 2, ,301 shares he now controls. Personally I won't make anything out of the presidency and don't care straw for it, but there are several individual stockholders who own in the neighborhood of 2,000 shares who have been to me ! and asked me not to resign.
 I don't feel as though I ought to resign in the |
 everything that pertains to my hobby, the Derby, is kept in good shape. MT. Starbuck, of course, has perfect right to the road. He has purchased it in an honorable manner ! and haven't the least intention of placing ! any blocks in his way. If he wants to go it. shall just see that everything is done ! properly and according to law. I shall con- tinue to manage the road for it's best inter
 ests. The road is now in good condition
 and hope it will go on improving, not only for MT. Starbucks sake but likewise for the
 city's.
 'The adoption of the new bylaw where by three stockholders can request the presi- dent to call meeting I suppose will give MT. Starbuck hold. After awhile there
 will only be three or four directors, close | corporation.
 1T don't think the old employees of the ! road will lose their places, or at least those 1 who have been hired for any stated period of
 time Take MT. Eli s. Quintard, the super-
 intendent, for instance. If you have him en-
 gagged for one year he can collect his salary if
 he is deposed, without cause. In cause existing before the employees
 can be busted. If incur debt for the | Derby road the new management will have
 to respect all my obligations. It is the same with men employed by me. I don't think | | that Henry Kentfeld, the present yard mas ter of the Consolidated road, will be appoint \ ed superintendent just as soon as MT. Star
 buck sees fit. MT. Charles Atwater, the present incumbent of the treasurers office, I will be retained. There will be little if any change in the train and yard hands. Colonel Stevenson will be given the entire manage ment of the road.
 | It was in a passenger coach attached to the fast express to New York that COURIER re- porter discovered Colonel Stevenson and his
 friend, the railroad and vessel magnate.
 They chatted pleasantly during a ten min
 utes' delay.
 "When will you begin to extend the
 Derby?" was asked Mir. Starbuck. ''Next ! week we will commence to build. I have no intentions to keep my movements in regard
 to the Derby from the public. Heman Clark, the great surveyor who laid the route
 of the Croton aqueduct in New York, to-
 gether with his assistant, started out over the ground this morning. They went to Derby ' Caturdav TTnfi1 tha aurvev0r has vUaIkeG